Cornerstone Advisors Inc Lowers stake in Allianzgi NFJ Dividend int & Prm Stgy Fd (NFJ)

Allianzgi NFJ Dividend int & Prm Stgy Fd (NFJ) : Cornerstone Advisors Inc reduced its stake in Allianzgi NFJ Dividend int & Prm Stgy Fd by 24.74% during the most recent quarter end. The investment management company now holds a total of 604,072 shares of Allianzgi NFJ Dividend int & Prm Stgy Fd which is valued at $7,647,552 after selling 198,559 shares in Allianzgi NFJ Dividend int & Prm Stgy Fd , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Allianzgi NFJ Dividend int & Prm Stgy Fd makes up approximately 1.82% of Cornerstone Advisors Inc’s portfolio.

Other Hedge Funds, Including , Cetera Advisor Networks boosted its stake in NFJ in the latest quarter, The investment management firm added 8,311 additional shares and now holds a total of 118,316 shares of Allianzgi NFJ Dividend int & Prm Stgy Fd which is valued at $1,497,881. Allianzgi NFJ Dividend int & Prm Stgy Fd makes up approx 0.08% of Cetera Advisor Networks’s portfolio.Oppenheimer Co Inc boosted its stake in NFJ in the latest quarter, The investment management firm added 121 additional shares and now holds a total of 12,855 shares of Allianzgi NFJ Dividend int & Prm Stgy Fd which is valued at $162,744. Rmb Capital Management added NFJ to its portfolio by purchasing 63,341 company shares during the most recent quarter which is valued at $793,663. Allianzgi NFJ Dividend int & Prm Stgy Fd makes up approx 0.05% of Rmb Capital Management’s portfolio. Shaker Financial Services added NFJ to its portfolio by purchasing 203,321 company shares during the most recent quarter which is valued at $2,547,612. Allianzgi NFJ Dividend int & Prm Stgy Fd makes up approx 1.72% of Shaker Financial Services’s portfolio.

Allianzgi NFJ Dividend int & Prm Stgy Fd opened for trading at $12.87 and hit $12.92 on the upside on Friday, eventually ending the session at $12.92, with a gain of 0.47% or 0.06 points. The heightened volatility saw the trading volume jump to 2,81,845 shares. Company has a market cap of $218 M.

AllianzGI NFJ Dividend Interest & Premium Strategy Fund (the Fund) is a diversified closed-end management investment company. The Fund’s primary investment objective is to seek current income and gains with a secondary objective of long-term capital appreciation. The Fund invests in a diversified portfolio of dividend-paying common stocks and income producing convertible securities. It may also write (sell) call options on equity indexes. The Fund invests in a range of industries including aerospace and defense automobiles chemicals communications equipment electric utilities pharmaceuticals food and staples retailing healthcare equipment and supplies commercial services diversified financial services media and others. Allianz Global Investors Fund Management LLC is the investment manager of the Fund. The Fund’s sub-advisors are NFJ Investment Group LLC and Allianz Global Investors U.S. LLC.

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Allianzgi NFJ Dividend int & Prm Stgy Fd - Is it time to Sell?

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